GBPUSD H4 | Bearish reversal?

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TitleGBPUSD H4 | Bearish reversal?TypeBearish ReversalPreference:The price is rising toward our pivot point of 1.25995, which serves as an overlap resistance level aligning with the 50% Fibonacci. A reversal from this point could lead the price to drop to the 1st support at 1.1.25048 an overlapping support level.Alternative scenario:However, if the price breaks above the pivot, it might rise to the 1st resistance at 1.2677 which also serves as an overlapping resistance level.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.

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